The First Step in the Scientific Method Is Which of These

question 54

Multiple Choice

The first step in the scientific method is which of these?

• A)review the relevant literature
• B)uncover questions in need of answers
• C)develop a hypothesis
• D)select a research method

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Definitions:

Accounting Statements

Financial documents that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

Ratios

Quantitative measures used to assess the financial performance, liquidity, efficiency, or risk of a business entity.

Current Ratio

This ratio indicates how well a business can settle its short-term debts with assets that are readily available.

Acid-test Ratio

A stringent indicator of a company’s short-term liquidity, calculated by dividing liquid assets by current liabilities, excluding inventory.